June 20, 2014: The positive momentum of Volvo Cars’ growing sales in Europe
continued in May and Volvo Cars continues to grow faster than its main
premium competitors in Europe. The latest report from ACEA* shows that
while the overall European market was up by 4.3 per cent, Volvo Cars grew
by 14.1 per cent, making it the fastest growing European premium brand.

Volvo Cars strengthened its position as market leader in Sweden, while
the UK, the Netherlands and Spain also supported growth for Volvo Cars. As
a result, Volvo Cars is ahead of the market development for the first five
months of the year as well, with registrations growing by 9.6 per cent
versus 6.6 per cent for the whole market.

The total number of Volvo registrations in Europe amounted to 21,854
cars in May (2013: 19,154) and for the period January-May 101,903 Volvos
were registered (92,962).

A strong product offer including an entirely new engine family is
boosting demand for Volvo Cars in European dealerships. The Volvo XC60
crossover is the main growth driver while the XC70 crossover, the V40
hatchback and the V60 sportswagon models are also boosting customer demand.
The positive developments are expected to continue as the new Drive-E
engine family, offering class leading performance and fuel economy, is
rolled out into more car lines.

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